REPORTS OF EXPANDED COMMERCIAL BANKS AND SPECIALIZED GOVERNMENT BANKS

Pursuant to the provision of Circular 108 dated May 9, 1996 and
amended by Circular 201 dated May 1, 1999, on the rationalization and
simplification of the reports required by Bangko Sentral Ng Pilipinas,
all expanded commercial banks, commercial banks and specialized
government banks shall submit, effective for reports as of December 31,
2000, the General Ledger using the GL Template in lieu of the Main
Schedule of the Monthly Consolidated Statement of Condition (CSOC) and
the Quarterly Consolidated Statement of Income and Expenses (CSIE),
respectively. However, the usual supporting schedule shall continue to
be submitted pending future phase in of reports using the Subsidiary
Ledger (SL) template.

All Commercial Banks shall abide by the following guidelines:

1.         The GL report including the schedules attached to the
former CSOC and CSIE reports shall be directly submitted electronically
to the Supervisory Reports and Studies Office (SRSO) in accordance with
existing deadlines using the following CC-Mail address:

CC Mail Address: CIR108
Subject: (Bank Name) GL File
Date: As of Reference Date of Report

2.         Upon transmission of the General Ledger Template File
of the CSOC and CSIE, the bank shall also fax the notarized Control
Prooflist on the contents of the data sent via electronic mail to
BSP-SRSO. A copy of the Control Prooflist of the CSOC and CSIE are
attached for your ready reference. (Annexes 1 & 2)

3.         Banks shall be responsible for reconciling the GL
report against the various supporting schedules prior to submission to
SRSO in accordance with prescribed validation rules. Banks may secure
from SRSO a copy of the BSP validation program for this purpose.

4.         SRSO shall run an official validation test on the
reports submitted using the same program provided to banks. Banks shall
be promptly advised on the validation results and required to correct
reports when necessary.

5.         The additional information required under Circular
Letter dated June 10, 1999, as attached, particularly the Non-Performing
Loans (Circular 202 dated May 27, 1999), which under the present set up
is integrated as an Additional Information in the main report/schedule
of the Consolidated Statement of Condition shall be submitted
electronically under a separate file pending future integration into the
GL/SL Template File reporting. File name and structure is attached for
your ready reference (Annex 3).

6.         The timetable for implementing the SL Template File reporting system by all commercial banks shall be as follows:

Name of SL File	Parallel Testing	Live Implementation
Loan Ledger System Interbank Loans & Accounts Receivable	March, 2001 Reports	June, 2001 Reports
Deposit Liabilities/Due to Local Banks Ledger	April, 2001 Reports	June, 2001 Reports
Investment/Equity Investment System	May, 2001 Reports	June, 2001 Reports
Due from Other Banks/Head Office, Branches and Agencies	June, 2001 Reports	September, 2001 Reports
Bills Payable	July, 2001 Reports	– do –
Various Liabilities	August, 2001 Reports	– do –
Contingent Accounts	September, 2001 Reports	October, 2001 Reports

It is understood that the related schedules attached to the
corresponding subsidiary ledger system shall be discontinued when the
corresponding SL Template reporting is implemented, as scheduled above.

All queries related to this implementation may be addressed to SRSO
c/o Ms. Milagros F. Ayuyao, at 524-7754 or Mr. Arsenio N. Co at
523-1516. Queries may also be faxed to 523-34-61.

For strict compliance.

Adopted: 20 Dec. 2000

(SGD.) ALBERTO V. REYES
Deputy Governor